The Federal Reserve Bank of San Francisco
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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 09/18/1999

  • Section I - Applications Subject to Newspaper Notice Only
  • Section II - Applications Subject to Both Newspaper and Federal Register Notice
  • Section III - Applications Subject to Federal Register Only
  • Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
  • Section V - Availability of CRA Public Evaluations

    • Section I
    Applications Subject to Newspaper Notice Only

    Type Application Ending date of comment period
    Branch Lincoln Security Bank, Newport, Oregon, to establish a branch office at 120 NW Spring Street, Waldport, Oregon. * Newspaper -
    08/25/1999
    Branch Westamerica Bank, San Rafael, California, to establish a branch office at 1480 First Street, Livermore, California. * Newspaper -
    09/28/1999
    18(c) Valencia Bank & Trust, Santa Clarita, California, to merge with First Valley National Bank, Lancaster, California. * Newspaper -
    10/15/1999
    18(c) CalWest Bank, Downey, California, to merge with National Business Bank, Torrance, California. * Newspaper -
    N/Avail
    18(c) The Bank of Orange County, Fountain Valley, California, to merge with Security First Bank, Fullerton, California. * Newspaper -
    N/Avail

     

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(5) First Security Corporation, Salt Lake City, Utah, to merge with Zions Bancorporation, Salt Lake City, Utah. * Newspaper -
    10/01/1999
    Fed Reg -
    10/04/1999

    Section III
    Applications Subject to Federal Register Only

    Type Application Ending date of comment period
    4(c)(8) First Security Corporation, Salt Lake City, Utah, to acquire Cash Access, Inc.; Zions Insurance Agency, Inc.; Zions Life Insurance Company; all of Salt Lake City, Utah; and Regency Investment Advisors, Inc., Fresno, California. Fed Reg -
    10/04/1999

    Section IV
    Applications Not Subject to Federal Register Notice or Newspaper Notice

    Type Application Ending date of comment period
    Waiver GBC Bancorp, Los Angeles, California, requests a waiver of any Bank Holding Company Act application requirement in connection with the proposed acquisition of General Savings Bank of Washington (In Organization), Bellevue, Washington.  
    Waiver Humboldt Bancorp, Eureka, California, requests a waiver of any Bank Holding Company Act application requirement in connection with the proposed merger of their subsidiary, Humboldt Bank, Eureka, California, and Capitol Thrift and Loan Association, Napa, California.  
    Member CalWest Bank, Downey, California, to become a member of the Federal Reserve System.  

    Section V
    Publicly Available CRA Evaluations

    The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

    The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

    A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

    The federal bank regulators use the following four performance levels to rate an institution's performance under CRA:

    O = Outstanding
    S = Satisfactory
    NI = Needs to improve
    SN = Substantial noncompliance

    The following state member banks have been examined and their CRA public evaluations are now available:

    RSSD
    number
    Institution/Location    		 Examination
    date    		 CRA
    public date    		 CRA
    rating    		 Exam type
    Lrg Bk     Sm Bk
    155263 Desert Community Bank 12530 Hesperia Road Victorville, CA 92392 (760) 243-2140 05/17/1999 09/13/1999 S X
    660767 American Pacific State Bank 15260 Ventura Boulevard Sherman Oaks, CA 91403 (818) 382-1500 05/17/1999 09/13/19999 S X

    The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.

    *Subject to CRA.